MPs debate amendments to NBS law
Parliament is continuing its discussion of the draft law for changes and additions to be made to the National Bank of Serbia (NBS) law.
Friday, 11.06.2010.
13:44
Parliament is continuing its discussion of the draft law for changes and additions to be made to the National Bank of Serbia (NBS) law. The changes would call for the NBS governor to be elected by parliament on a proposal submitted by the president, not that coming from the Parliamentary Finance Committee. MPs debate amendments to NBS law The Executive Board of the NBS would also take over the authorities of the NBS Monetary Board and implement the monetary and foreign currency policies. The board would also be obligated to pass regulations in the field of controlling and monitoring NBS role and would decide on giving and taking away work licenses for financial institutions. The new regulations are expected to strengthen the role of the governor’s council in the monitoring of the central bank’s activities. Outgoing NBS Governor Radovan Jelasic stated earlier that the changes and additions to the law would contribute to harmonizing the law with the state constitution, strengthening the independence of the central bank, and clarifying provision regarding the NBS capital, covering its losses and distributing its income. The Serbian parliament (Tanjug)
MPs debate amendments to NBS law
The Executive Board of the NBS would also take over the authorities of the NBS Monetary Board and implement the monetary and foreign currency policies.The board would also be obligated to pass regulations in the field of controlling and monitoring NBS role and would decide on giving and taking away work licenses for financial institutions.
The new regulations are expected to strengthen the role of the governor’s council in the monitoring of the central bank’s activities.
Outgoing NBS Governor Radovan Jelašić stated earlier that the changes and additions to the law would contribute to harmonizing the law with the state constitution, strengthening the independence of the central bank, and clarifying provision regarding the NBS capital, covering its losses and distributing its income.
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